Time Out Market to open new unit in Budapest image
STORY OF THE DAY
Time Out Market to open new unit in Budapest

Story of the week

News Time Out Market to open new unit in Budapest
17
Apr
2024

Time Out Market to open new unit in Budapest

by Forum Property
Time Out Market Budapest is set to open in 2025 at Corvin Palace at Blaha Lujza Square. The historic department store first opened in 1926 and has recently been renovated back to its original neoclassical state and redeveloped as a mixed-use real estate property offering retail, leisure and a hotel, timeout.com reports.
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Industrial

News Czech Republic Ikea industrial Prague Segro
19
Apr
2024

Segro signs 6,000 sqm tenant prolongation in Prague

by Forum Property
Segro has extended the lease agreement with Ikea in its park in Hostivice. The furniture dispensing warehouse has been located in SEGRO Logistics Park Prague since 2014.
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Partners Group and Peakside complete BTS for DPD in Warsaw Panattoni completes huge BTS in western Poland Will renewable energy companies shake up the industrial market?

Office

News Czech Republic office Passerinvest Prague
19
Apr
2024

Passerinvest finishes first stage of brownfield development in Prague

by Forum Property
Passerinvest Group has opened the Roztyly Plaza office building, approved in March, to its tenants. It is located in Prague 11, next to the metro station Roztyly.
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Which CEE city has the lowest office fit-out costs? Futureal finishes Wratislavia Tower retrofitting JTRE aims for carbon-neutral project in Bratislava

Investment

News CEE-BIG investment Poland Redkom Development retail retail park Warsaw
18
Apr
2024

BIG Poland acquires retail park near Warsaw

by Forum Property
Redkom Development finalised the sale of Park Glinianka in Łubna in the southern suburbs of Warsaw. The facility was purchased by CEE-BIG B.V. The price has not been disclosed. 
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Baltisse and Straco Real Estate buy controlling stake in Speedwell One United Properties shareholders raise close to €44 million from sale P3 Group reports stron financial performance in 2023

Hotel

News Brno Crestyl Czech Republic hotel Leonardo Hotels office retail
18
Apr
2024

Crestyl includes hotel in mixed-use Brno development

by Forum Property
The Dornych project by Crestyl Group is to replace the old shopping centre in the neighbourhood of Brno's Central Station in the upcoming years. The developer has now announced a hotel as a part of this development. Its opening is planned for mid-2028.
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Mitiska REIM sells plot in Silesia to Momentum Leisure Marriott International to expand Polish portfolio with 10 projects Trump’s son-in-law to invest in hotel developments in Serbia and Albania

Retail

News Czech Republic Obermeyer Helika Prague retail Unibail-Rodamco
18
Apr
2024

Reconstruction of Prague's Černý Most Centre heads to final phase

by Forum Property
Reconstruction of the mixed-use commercial centre Černý Most in Prague 14 is beginning in April this year. The project from the Unibail-Rodamco portfolio is bringing 32 new shops and restaurants and 3 new cinemas.
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Polish retail makes a good start into 2024 Romania’s retail market to pass 4.5 million sqm threshold in 2024 Fashion House to extend outlet centre in eastern Bucharest

Residential

News Budapest Cordia Hungary residential
17
Apr
2024

Cordia launches €1 billion resi project in Budapest

by Forum Property
Futureal Group’s subsidiary, Cordia Zrt. has kicked off its new mega project called Marina City, aiming to build 2,500 apartments, recreational facilities and several amenities on a former industrial site at the river Danube. The HUF 400 billion (€1 billion) project is a landmark development in the northern part of the Hungarian capital.
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Ostrava joins forces with developers, first resi project follows YIT delivers another resi project in Prague IBB Holding starts resi investment in Bucharest region

Career

News Bucharest Oana Rădulea River Development Romania Sema Parc
17
Apr
2024

River Development names new Managing Partner

by Forum Property
Romanian developer River Development has appointed Oana Rădulea as Managing Partner, replacing Liviu Birău. She assumed her new role in January 2024.
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Colliers announces change in Slovak MD position REICO makes changes in top management Zeigteist Asset Management in Poland names new MD

Report

News C&W Czech Republic report residential
17
Apr
2024

Investment in Czech rental resi projects grows

by Forum Property
The popularity of the residential segment in the Czech Republic has increased among investors due to its stability. The availability of owner-occupied housing is decreasing, and trends are showing different younger generations' lifestyle requirements. According to a C&W report, investment in rental residential projects in the Czech Republic has tripled year-on-year.
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Recent data confirms recovery of Czech resi market What's next for Ukraine's warehouse market?

Interview

News Andrei Diaconescu development investment office residential Romania Victor Căpitanu
11
Apr
2024

One United Properties has its pipeline secured for 10 years down the road

by Budai Ákos
Victor Căpitanu, Co-Founder and Co-CEO of One United Properties spoke with Property Forum at Mipim in Cannes about the company’s residential development pipeline valued north of €1 billion and Bucharest’s capacity to provide high yields for real estate investors.
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Landlords are under pressure from tenants and banks on ESG Romania offers more attractive yields compared to core CEE countries Time of sham ESG activities is coming to an end

Economy

News Building Act construction Czech Republic economy legislation
13
Feb
2024

With a new building code coming, Czech builders prepare for chaos

by Forum Property
In less than five months, the new building code for common buildings in the Czech Republic is going to enter into force. However, clouds are gathering around it. Builders are afraid of the shortcomings they have encountered recently when familiarizing themselves with the new requirements of the legislation, reports Seznamzpravy.cz.
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Consolidation package nearly doubles property tax in Czech Republic Slovakia postpones new Construction Act Reconstruction of Prague's Masaryk station to cost €138 million

New leases

  • Castorama has opened its 103rd shop in Poland. The outlet in the compact Smart concept is located in the Dekada shopping centre, at Armii Krajowej Street in Grójec. It is a 2,000-square-metre retail space, an outdoor garden zone and an assortment of around 15,000 off-the-shelf products.
  • In April this year, the House brand joined the group of tenants at CH Korona in Wrocław. The salon occupies nearly 285 sqm of sales space.
  • 18 Gym Fitness & Beauty will open a new location within Agora Arad (the former Galleria Arad) in a deal brokered by the Cushman & Wakefield Echinox. Agora Arad has a leasable area of 36,000 sqm and is currently undergoing a major refurbishment.

New appointments

  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.
  • Crosspoint Real Estate has appointed Oana Popescu as Partner. She has joined the Crosspoint team in the summer of 2017 and took over the lead of the residential department in 2022.
  • Urszula Sekuła has joined the Retail Institute team as Business Development Director. She will be responsible for business development in Poland and three European markets.

Latest news


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